MEIIX vs. MFSMX
MEIIX (MFS Value Fund Class I) and MFSMX (MFS Maryland Municipal Bond Fund) are both mutual funds - MEIIX is a Large Cap Value Equities fund managed by MFS, while MFSMX is a Municipal Bonds fund managed by MFS. Over the past 10 years, MEIIX returned 10.13%/yr vs 1.88%/yr for MFSMX. At a correlation of -0.07, they often move in opposite directions. MEIIX charges 0.55%/yr vs 0.83%/yr for MFSMX.
Performance
MEIIX vs. MFSMX - Performance Comparison
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Returns By Period
In the year-to-date period, MEIIX achieves a 6.49% return, which is significantly higher than MFSMX's 1.76% return. Over the past 10 years, MEIIX has outperformed MFSMX with an annualized return of 10.13%, while MFSMX has yielded a comparatively lower 1.88% annualized return.
MEIIX
- 1D
- -0.26%
- 1M
- 1.97%
- YTD
- 6.49%
- 6M
- 6.70%
- 1Y
- 16.08%
- 3Y*
- 12.92%
- 5Y*
- 9.03%
- 10Y*
- 10.13%
MFSMX
- 1D
- 0.00%
- 1M
- 2.10%
- YTD
- 1.76%
- 6M
- 2.14%
- 1Y
- 7.36%
- 3Y*
- 3.88%
- 5Y*
- 0.64%
- 10Y*
- 1.88%
MEIIX vs. MFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEIIX MFS Value Fund Class I | 6.49% | 13.26% | 11.86% | 8.21% | -6.02% | 25.43% | 3.99% | 30.04% | -9.90% | 17.20% |
MFSMX MFS Maryland Municipal Bond Fund | 1.76% | 4.70% | 1.68% | 5.96% | -10.48% | 2.55% | 3.98% | 6.65% | 1.29% | 4.40% |
Correlation
The correlation between MEIIX and MFSMX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | -0.07 |
The correlation between MEIIX and MFSMX shifts across timeframes, from -0.07 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEIIX vs. MFSMX — Risk / Return Rank
MEIIX
MFSMX
MEIIX vs. MFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund Class I (MEIIX) and MFS Maryland Municipal Bond Fund (MFSMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEIIX | MFSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.56 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.39 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.24 | 8.52 | -0.28 |
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Drawdowns
MEIIX vs. MFSMX - Drawdown Comparison
The maximum MEIIX drawdown since its inception was -52.64%, which is greater than MFSMX's maximum drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for MEIIX and MFSMX.
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Drawdown Indicators
| MEIIX | MFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.64% | -15.71% | -36.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -3.05% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -6.64% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -15.37% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -15.37% | -21.33% |
Current DrawdownCurrent decline from peak | -1.42% | -0.06% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -2.19% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.85% | +1.11% |
Volatility
MEIIX vs. MFSMX - Volatility Comparison
MFS Value Fund Class I (MEIIX) has a higher volatility of 3.21% compared to MFS Maryland Municipal Bond Fund (MFSMX) at 1.02%. This indicates that MEIIX's price experiences larger fluctuations and is considered to be riskier than MFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEIIX | MFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 1.02% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 2.39% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 3.11% | +7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 4.32% | +9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 4.14% | +12.43% |
MEIIX vs. MFSMX - Expense Ratio Comparison
MEIIX has a 0.55% expense ratio, which is lower than MFSMX's 0.83% expense ratio.
Dividends
MEIIX vs. MFSMX - Dividend Comparison
MEIIX's dividend yield for the trailing twelve months is around 9.13%, more than MFSMX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIIX MFS Value Fund Class I | 9.13% | 9.52% | 9.30% | 8.41% | 7.58% | 3.32% | 2.63% | 3.17% | 3.62% | 4.04% | 2.91% | 5.97% |
MFSMX MFS Maryland Municipal Bond Fund | 3.21% | 4.22% | 2.86% | 2.52% | 1.78% | 1.89% | 2.49% | 3.25% | 3.35% | 3.47% | 3.50% | 3.69% |
Frequently Asked Questions
MEIIX and MFSMX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEIIX has higher volatility (3.21%) compared to MFSMX (1.02%). In terms of maximum drawdown, MEIIX dropped -52.64% vs MFSMX's -15.71%.
MFSMX currently has the higher Sharpe Ratio (2.34 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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